RNS Number:0061U
Alvis PLC
08 January 2004


Notifiable Interests

Alvis plc announces the following transfers of Alvis plc ordinary shares of 25p
each by the Alvis Employee Benefit Trust in order to satisfy the exercise of
options by employees under Alvis executive option schemes.

No. of     Date of      Date Company     % of issued   Exercise price
shares     disposal     informed         class         per shares
15,000     07.01.2004   08.01.2004       0.014         81.5p
3,714      08.01.2004   08.01.2004       0.003         118p

After the transaction the Alvis Employee Benefit Trust has an interest in
3,623,726 ordinary shares of Alvis plc representing 3.29% of the total number of
shares in issue.

The Alvis Employee Benefit Trust is deemed to be a connected person to the Alvis
plc executive directors as they are, in common with all other Alvis employees,
potential beneficiaries of the Trust.





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